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February, 3 - AMZN reached $1 trillion market cap.

When it comes to American stock market, there is one very unlikely representative shining in the global markets. and it is Amazon. On the last trading session that closed Friday AMZN stock closed higher than $2000 per share – a point last greased by the stock of the company in September 2018. With the jump the market cap of AMZN soared higher than $1 trillion – a record that was previously reached by only one company – Apple.

 

amzn 3.02.2020

 

What caused the price jump? The e-commerce giant surprised investors with a fourth-quarter growth, beating expectations on both the top and bottom lines. Amazon reported revenue of $87.4 billion, up 21% year over year, resulting in per share earnings of $6.47. in its turn Wall Street was expecting revenue of $86.17 billion and EPS of only $4.11.

 

Users of Amazon and the growing demand for its services are only boosting the growth and can be named the main driving force behind the surge. If today’s trading session keeps on with the same direction, then we are going to see AMZN stock go to the highest ever point, and I should say that we have to watch out for further growth of the price.

 

Our trading signals are going to help you follow every movement of AMZN stocks.

 

 

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